Even record tourism hasn’t boosted Thai airlines
16 Jan 2018 09:09:40
thejakartapost.com
Record tourist arrivals to Thailand that buoyed shares of hotels and the nation’s airports operator haven’t boosted the country’s four listed carriers. Investors eyeing the laggard airline stocks, however, may do well to reconsider.
Bangkok Airways Pcl and Thai Airways Pcl have each fallen more than 20 percent since the start of 2017, while the Stock Exchange of Thailand’s gauge of hotel stocks rallied 26 percent. Budget carriers Nok Airlines Pcl and Asia Aviation Pcl have also underperformed compared with companies in the SET Tourism and Leisure Index. The slump may continue, as rising fuel costs add to a squeeze from industry competition.
Read full story: thejakartapost.com
